Judy Anderson Sells 1,555 Shares of Weyco Group (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYS) CFO Judy Anderson sold 1,555 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $44.00, for a total value of $68,420.00. Following the completion of the transaction, the chief financial officer directly owned 15,341 shares of the company’s stock, valued at approximately $675,004. The trade was a 9.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Judy Anderson also recently made the following trade(s):

• On Friday, August 7th, Judy Anderson sold 2,602 shares of Weyco Group stock. The shares were sold at an average price of $43.27, for a total value of $112,588.54.

Weyco Group Price Performance

Shares of WEYS stock opened at $43.83 on Thursday. The stock’s fifty day simple moving average is $42.77 and its 200 day simple moving average is $37.50. Weyco Group, Inc. has a one year low of $27.25 and a one year high of $48.67. The firm has a market cap of $418.58 million, a price-to-earnings ratio of 12.07 and a beta of 0.89.

Weyco Group (NASDAQ:WEYS) last released its quarterly earnings data on Tuesday, August 4th. The textile maker reported $1.39 earnings per share (EPS) for the quarter. The firm had revenue of $62.22 million during the quarter. Weyco Group had a return on equity of 14.04% and a net margin of 12.39%.

Weyco Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, August 18th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.6%. Weyco Group’s dividend payout ratio (DPR) is 30.85%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on WEYS shares. Wall Street Zen upgraded shares of Weyco Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Weiss Ratings raised shares of Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, August 21st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Institutional Trading of Weyco Group

Several hedge funds have recently modified their holdings of WEYS. Empowered Funds LLC bought a new position in Weyco Group in the 2nd quarter worth approximately $2,116,000. BlackRock Inc. bought a new position in Weyco Group in the 2nd quarter valued at $18,215,000. Deutsche Bank AG bought a new position in Weyco Group in the 2nd quarter valued at $235,000. Bank of New York Mellon Corp acquired a new stake in shares of Weyco Group in the 2nd quarter valued at $2,952,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Weyco Group by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker’s stock valued at $18,871,000 after buying an additional 5,294 shares during the period. 23.59% of the stock is owned by institutional investors.

Weyco Group Company Profile

Weyco Group, Inc is a footwear company headquartered in Milwaukee, Wisconsin. The company designs, sources, markets and distributes a portfolio of branded dress, casual and outdoor footwear, with a primary focus on men’s shoes. Its products are sold through department stores, specialty footwear retailers, independent retailers, e-commerce channels and company-operated retail locations.

Weyco Group’s brand portfolio includes Florsheim, Nunn Bush, Stacy Adams, BOGS and Forsake. These brands offer a range of products including dress shoes, casual shoes, boots, sandals and outdoor footwear.